/images/ppid_59c68470-image-178651762147444910.webp)
/images/ppid_59c68470-image-178629502415221827.webp)
What is the story about?
Tata Group stocks sold off on Wednesday, August 12, in response to the news of Tata Sons Chairman N Chandrasekaran announcing he will not be seeking reappointment once his terms ends in February 2027.
Shares of Tata Consultancy Services Ltd. (TCS), the biggest group company fell over 4% after the newsbreak, followed by those of Tata Steel, Tata Motors Passenger Vehicles, Indian Hotels, which also fell between 1.5% to 3%.
TCS still continues to remain the biggest company of the Tata Group, commanding over a third of the overall market capitalisation of Tata Sons, which is currently at just over ₹25 lakh crore.
There were two exceptions, Tata Chemicals and Tata Investment Corporation, which saw a sharp spike, but soon gave up the gains. These two companies generally react to news surrounding the potential listing of Tata Sons.
This is breaking news and will be updated with more stories.
Shares of Tata Consultancy Services Ltd. (TCS), the biggest group company fell over 4% after the newsbreak, followed by those of Tata Steel, Tata Motors Passenger Vehicles, Indian Hotels, which also fell between 1.5% to 3%.
TCS still continues to remain the biggest company of the Tata Group, commanding over a third of the overall market capitalisation of Tata Sons, which is currently at just over ₹25 lakh crore.
There were two exceptions, Tata Chemicals and Tata Investment Corporation, which saw a sharp spike, but soon gave up the gains. These two companies generally react to news surrounding the potential listing of Tata Sons.
This is breaking news and will be updated with more stories.
/images/ppid_59c68470-image-178651758152149422.webp)
/images/ppid_59c68470-image-178651503388245597.webp)
/images/ppid_59c68470-image-17865175540836050.webp)
/images/ppid_59c68470-image-178651752354246881.webp)
/images/ppid_59c68470-image-178651506242853240.webp)
/images/ppid_59c68470-image-1786447529442463.webp)
